Marina Bay with Suntec City and National Stadium and Kallang in the background.

7/18/2007

CPF for old age

With the increasing uses of the CPF savings, and with the runaway cost of living, it is necessary to decide what is more important. Is it retirement fund or a flat, or education for children? For many, their CPF savings will never be enough for any one of these big ticket items, and worst if they are going to use it for so many things.
Ng Eng Hen is right to say that those who have a lot of CPF savings have no need to use them as they are mostly very rich and have a lot of money for many other things. It is the 'eat not full, hunger cannot die' heartlanders that have to juggle on what to spend and how much to spend. They are the ones that have little in their CPF savings but stupidly insisting on using them for the education of their children. But what choices do they have when they are struggling to make ends meet and education is not cheap? And there are many other bills to pay too.
One good solution is to follow the policy of the old NKF. Save for the future and forget about the now. If they cannot manage their day to day living, it is their problem. They will be very thankful if they live old enough and see a big nest egg waiting for them. Their golden years, provided their money is still worth what they are and have some purchasing power left.
These poor people are real irritants and irresponsible. Not enough money still want to take out their retirement funds to spend. Why can't they think and behave like the rich, don't touch their CPF savings? It it for their own good.

Stand firm brudder bean! This bapo of an animal has no guts nor gumption to think straight and reason here. Spoiling such a blog which you sweated over each day with regular news comments..

We all can see how much this bapo spew his puss-profanities all the time here. He obviously has no cpf, no ns, no reservist, no soul - NOTHING to be even fit to say his piece (of redigested vomit) here!

You calling such a "discussion"? Do you ever get one of those desperate times when you thought and you want to just fart, but out comes something else loose and more solid? Perplexing isn't it? This is your blog with mati around. You can't see? The readers here can!

How could Donald Trump be the President of the USA, the most powerful office in the world when he does not have the training, qualificatio...

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